I think you’re mistaken. We’ve been in a private credit bubble for a couple years at least, it’s in the finance/economic news every week and I’ve even started to hear regular NPR doing primers on it for normies. The term for “retail credit” is consumer debt or consumer debt. We don’t call it retail debt because the retailer is not actually a counterparty.

Out of curiosity where do you primarily get your news?

> not the likely definition most will reach for here

A lot of the datacenter buildout has been financed with private credit [1].

> financial blackpilling

?

[1] https://www.bloomberg.com/news/articles/2026-02-02/the-3-tri...

what on earth is "financial blackpilling"?